Sansiri Plc has informed the Stock Exchange of Thailand (SET) that it will not proceed with a proposed purchase of the Nimit Langsuan project and 53 residential units in the Ritz-Carlton Residences, Bangkok.

Twelve listed property firms have announced investment budgets worth between Bt98.04 and Bt99.04 billion to acquire land to develop residential projects worth between Bt385.15 billion and Bt385.64 billion in the year 2018, according to a survey by The Nation.

LISTED PROPERTY firm Sansiri Plc has set aside an investment budget of Bt15 billion to buy land for residential projects this year and in 2019, with plans to launch 31 new properties worth Bt63 billion in 2018.

Plus Property, a property-management arm of Sansiri Plc, predicted this week the markets for townhouses and condominiums would continue growing, citing momentum in the middle and high segments of purchasing power, especially for high-rise condos and townhouses on Bangkok’s outskirts.

Sansiri Plc has signed a memorandum of understanding (MoU) with Pace Development Corporation Plc and Pace Project Two Co Ltd (Pace Development Group) for purchase negotiations and due diligence ofNimit Lang Suan project and 53 condominium units of Ritz-Carlton Residences Bangkok in the MahaNakhon building project, according to the company’s report to the Stock Exchange of Thailand late on Tuesday.

Listed property firm Sansiri Plc has announced a plan to launch a new Thai voice-enabled smart assistant for their popular Sansiri Home Service mobile property management application, built on Artificial Intelligence (AI) from Amazon Web Services.

Listed property firm Sansiri Plc plans to launch 11 residential projects worth Bt26 billion in the last quarter of this year to boost its presale to Bt40 billion by the end of this year, according to company’s president Srettha Thavisin.

Plus Property Co Ltd, a property and facility management agency subsidiary of Sansiri Plc, said it had detected continuous momentum for properties in Bangkok’s Thong Lo-Ekkamai area.
It attributes this to the fact that these areas answer residents’ transportation and other needs.

Plus Property, a property-management arm of Sansiri Plc, has identified Bangkok’s Phahon Yothin-Lat Phrao area as an important new residential zone with its ready access to both road and rail transport.

LISTED property firm Sansiri Plc has set up a joint venture firm, Siri TK One Co Ltd, with Japan-based Tokyu Corp to develop a Bt2 billion condominium project called taka HAUS in the Ekkamai district of Sukhumvit.